Netflix (US: NFLX)

Netflix, the video streaming service, has been one of the US tech stocks least affected by the ongoing Facebook scandal. Despite being one of the largest US tech companies, with almost 120 million users worldwide, the company’s smaller social reach means that users are less likely to share important data between themselves.

While other tech stocks in the US face share price declines of well over 10%, Netflix shares are trading back at the same price as they were on Friday. Will they be able to climb to better 2018 highs as peers fall by the wayside?

Will Netflix return to 2018 highs of $334 (+5.2%) or fall to February lows of around $235 (-26%)?

• Shares recovered from Tuesday’s lows to trade at the same level as last Friday’s close
• RSI remains bullishly above 50, although Stochastics have turned back from overbought
• Momentum has turned negative for the first time since mid-February
• Brokers are negative on Netflix, with 65% brokers holding a 12-month target above current level

Broker Consensus: 55% Buy, 38% Hold, 7% Sell 

Bullish: Pivotal Research, Buy, Target $400, +26% (6 Mar 18)

Average Target: $277.7, -13% (21 Mar 18)

Bearish: Societe Generale, Sell, Target $132, -58% (25 Jan 18)

Pricing data sourced from Bloomberg on 23 March. Please contact us for a full, up to date rundown.